bestowin: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
bestowin
Largest movements
- Receivables within one year +€530,305
up €530,305 (+34.4%), from €1.5m to €2.1m
of which Other amounts receivable: +€769,103
- Tangible fixed assets +€315,002
up €315,002 (+33.7%), from €933,755 to €1.2m
of which Plant, machinery and equipment: +€319,412
- Stocks and contracts +€311,293
up €311,293 (+25.8%), from €1.2m to €1.5m
of which Stocks: +€192,778
- Cash +€109,912
new in 2025: €109,912
mainly Other debts (+€1.3m) and Trade debts (+€615,630)
- Other debts +€1.3m
up €1.3m (+8,784%), from €14,909 to €1.3m
- Trade debts +€615,630
up €615,630 (+88.9%), from €692,886 to €1.3m
- Current portion of long-term debt -€397,676
down €397,676 (-71.5%), from €556,381 to €158,705
- Short-term financial debts -€250,137
no longer reported in 2025 (was €250,137)
- Reserves +€123,068
up €123,068 (+6.8%), from €1.8m to €1.9m
of which Distributable reserves: +€123,068
- Gross operating margin -€443,318
down €443,318 (-31.3%), from €1.4m to €974,525
- Taxes -€159,606
down €159,606 (-80.1%), from €199,230 to €39,624
- Staff costs +€144,031
up €144,031 (+31.0%), from €464,283 to €608,314
- Depreciation +€29,549
up €29,549 (+24.7%), from €119,749 to €149,298
- Financial charges -€27,701
down €27,701 (-37.2%), from €74,408 to €46,706
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,737,473 | €5,007,591 | +€1.3m | +34.0% |
| Fixed assets | 21/28 | €960,434 | €1,265,085 | +€304,651 | +31.7% |
| Tangible fixed assets | 22/27 | €933,755 | €1,248,757 | +€315,002 | +33.7% |
| Land and buildings | 22 | €16,138 | €21,357 | +€5,219 | +32.3% |
| Plant, machinery and equipment | 23 | €890,950 | €1,210,361 | +€319,412 | +35.9% |
| Furniture and vehicles | 24 | €26,667 | €17,038 | -€9,629 | -36.1% |
| Financial fixed assets | 28 | €26,679 | €16,328 | -€10,351 | -38.8% |
| Current assets | 29/58 | €2,777,039 | €3,742,506 | +€965,467 | +34.8% |
| Stocks and contracts in progress | 3 | €1,207,339 | €1,518,631 | +€311,293 | +25.8% |
| Stocks | 30/36 | €791,876 | €984,654 | +€192,778 | +24.3% |
| Contracts in progress | 37 | €415,463 | €533,978 | +€118,515 | +28.5% |
| Amounts receivable within one year | 40/41 | €1,540,379 | €2,070,684 | +€530,305 | +34.4% |
| Trade receivables | 40 | €1,520,763 | €1,281,966 | -€238,797 | -15.7% |
| Other amounts receivable | 41 | €19,616 | €788,718 | +€769,103 | +3,921% |
| Cash at bank and in hand | 54/58 | - | €109,912 | +€109,912 | |
| Deferred charges and accrued income | 490/1 | €29,322 | €43,279 | +€13,957 | +47.6% |
| Total equity and liabilities | 10/49 | €3,737,473 | €5,007,591 | +€1.3m | +34.0% |
| Equity | 10/15 | €1,828,184 | €1,951,252 | +€123,068 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,815,784 | €1,938,852 | +€123,068 | +6.8% |
| Non-distributable reserves | 130/1 | €98,700 | €98,700 | = | 0.0% |
| Other | 1319 | €98,700 | €98,700 | = | 0.0% |
| Distributable reserves | 133 | €1,717,084 | €1,840,152 | +€123,068 | +7.2% |
| Amounts payable | 17/49 | €1,909,289 | €3,056,339 | +€1.1m | +60.1% |
| Amounts payable after more than one year | 17 | €216,271 | €157,566 | -€58,705 | -27.1% |
| Financial debts | 170/4 | €216,271 | €157,566 | -€58,705 | -27.1% |
| Amounts payable within one year | 42/48 | €1,689,218 | €2,893,823 | +€1.2m | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €556,381 | €158,705 | -€397,676 | -71.5% |
| Financial debts | 43 | €250,137 | - | -€250,137 | |
| Credit institutions | 430/8 | €250,137 | - | -€250,137 | |
| Trade debts | 44 | €692,886 | €1,308,516 | +€615,630 | +88.9% |
| Suppliers | 440/4 | €692,886 | €1,308,516 | +€615,630 | +88.9% |
| Advances received on contracts in progress | 46 | €70,089 | €13,895 | -€56,194 | -80.2% |
| Taxes, remuneration and social security | 45 | €104,816 | €88,274 | -€16,542 | -15.8% |
| Taxes | 450/3 | €61,550 | €30,988 | -€30,562 | -49.7% |
| Remuneration and social security | 454/9 | €43,267 | €57,286 | +€14,020 | +32.4% |
| Other amounts payable | 47/48 | €14,909 | €1,324,433 | +€1.3m | +8,784% |
| Accrued charges and deferred income | 492/3 | €3,800 | €4,950 | +€1,150 | +30.3% |
| Remuneration, social security and pensions | 62 | €464,283 | €608,314 | +€144,031 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,749 | €149,298 | +€29,549 | +24.7% |
| Other operating charges | 640/8 | €9,857 | €11,304 | +€1,448 | +14.7% |
| Gross operating margin | 9900 | €1,417,844 | €974,525 | -€443,318 | -31.3% |
| Operating profit (loss) | 9901 | €823,956 | €205,609 | -€618,347 | -75.0% |
| Financial income | 75/76B | €23,075 | €3,790 | -€19,285 | -83.6% |
| Recurring financial income | 75 | €23,075 | €3,790 | -€19,285 | -83.6% |
| Financial charges | 65/66B | €74,408 | €46,706 | -€27,701 | -37.2% |
| Recurring financial charges | 65 | €74,408 | €46,706 | -€27,701 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €772,623 | €162,692 | -€609,930 | -78.9% |
| Income taxes | 67/77 | €199,230 | €39,624 | -€159,606 | -80.1% |
| Profit (loss) for the period | 9904 | €573,392 | €123,068 | -€450,324 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €573,392 | €123,068 | -€450,324 | -78.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.